Hi! I’m looking into mirror docs and try to understand

Question

Hi! I’m looking into mirror docs and try to understand

them. Could you please answer some questions I have?
* Why not buy some mAssest for some price and then immediately burn it to claim 150% of the price reported by oracle? If the price of mAsset is close to the oracle price, than this is risk free profit.
* If I buy some mAsset and it grows over time, will I get some profit out of it? Currently, I understand that I will have to increase the amount of collateral tied to the mAsset by at least 1.5x the amount of price growth. Does it mean that I will ultimately loose money when my mAsset grows in value?

#cryptocurrency #english #mirror.protocol

0

05.02.2022

4 ответов

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Leleytner Gregory Автор вопроса

Mayank Grover (Will never DM first or ask for funds)
That things you are talking about is related to bo...

It seems that buying an masset to immediately burn is not connected to borrowing

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05.02.2022

Mayank Grover (Will never DM first or ask for funds)

Leleytner Gregory
It seems that buying an masset to immediately burn...

You can't burn any bought mAsset if you haven't opened up any borrowing or shorting position.

0

05.02.2022

Leleytner Gregory Автор вопроса

Mayank Grover (Will never DM first or ask for funds)
You can't burn any bought mAsset if you haven't op...

Ohh, I get it now. I thought that cdp is sold with the masset token

0

05.02.2022

Mayank Grover (Will never DM first or ask for funds) · Accepted Answer

Mayank Grover (Will never DM first or ask for funds)

That things you are talking about is related to borrowing or shorting mAssets on Mirror, and not when you are trading. Please read about borrowing in the documents.

0

05.02.2022

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Hi! I’m looking into mirror docs and try to understand

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